Kotak Mahindra Bank Location Credit Manager Salaries by 100+ Employees (Updated 2025)

5 - 12 years exp.

₹5.5 Lakhs - ₹21.5 Lakhs

Salary of majority employees

7% more than the average Location Credit Manager Salary in Banking Companies for 5 - 12 years of experience

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Salaries in different departments

BFSI, Investments & Trading Location Credit Manager Salary 5 - 12 years exp. (70 salaries)	₹6.8 L/yr - ₹21.5 L/yr
Finance & Accounting Location Credit Manager Salary 5 - 12 years exp. (41 salaries)	₹5.5 L/yr - ₹20 L/yr
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Risk Management & Compliance Location Credit Manager Salary 6 - 12 years exp. (6 salaries)	₹8.2 L/yr - ₹18.8 L/yr

Last Updated: 26 Feb 2025

Companies similar to Kotak Mahindra Bank for Location Credit Manager

Company name	Avg Annual Salary	Open Jobs
Bandhan Bank Location Credit Manager Salary 2 - 5 years exp. (4 salaries)	₹9.5 L/yr - ₹10 L/yr 28% less
Auxilo Finserve Location Credit Manager Salary 3 - 15 years exp. (6 salaries)	₹10.9 L/yr - ₹14 L/yr 11% less
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Shriram Housing Finance Location Credit Manager Salary 16 - 19 years exp. (5 salaries)	₹8.5 L/yr - ₹14 L/yr 16% less
Kotak Mahindra Prime Location Credit Manager Salary 6 - 8 years exp. (AmbitionBox Estimate)	₹9.2 L/yr - ₹11.8 L/yr 22% less

Location Credit Manager salary at Kotak Mahindra Bank ranges between ₹5.5 Lakhs to ₹21.5 Lakhs per year for employees with experience between 5 years to 12 years. Salary estimates are based on 139 latest salaries received from various employees of Kotak Mahindra Bank.

Experience wise Kotak Mahindra Bank Location Credit Manager salaries

Last Updated: 26 Feb 2025

Experience	Avg Annual Salary
5 years (16 salaries)	₹5.6 L/yr - ₹13.3 L/yr
6 years (19 salaries)	₹6.4 L/yr - ₹16.5 L/yr
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7 years (20 salaries)	₹5.3 L/yr - ₹18 L/yr
8 years (29 salaries)	₹6 L/yr - ₹20.1 L/yr
9 years (17 salaries)	₹5.9 L/yr - ₹18 L/yr
10 years (17 salaries)	₹5.6 L/yr - ₹21.5 L/yr
11 years (9 salaries)	₹7.2 L/yr - ₹20.5 L/yr
12 years (12 salaries)	₹6.1 L/yr - ₹20.4 L/yr

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Similar Designation salaries in Kotak Mahindra Bank

Zonal Credit Manager Salary

(4 salaries)

₹30.5 L/yr - ₹42.5 L/yr

Regional Credit Manager Salary

(27 salaries)

₹16.2 L/yr - ₹30 L/yr

Area Credit Manager Salary

(88 salaries)

₹6.5 L/yr - ₹24.5 L/yr

Branch Credit Manager Salary

(20 salaries)

₹4.85 L/yr - ₹9.5 L/yr

Cluster Credit Manager Salary

(4 salaries)

₹7 L/yr - ₹13.5 L/yr

Deputy Credit Manager Salary

(22 salaries)

₹3.75 L/yr - ₹6 L/yr

Assistant Credit Manager Salary

(24 salaries)

₹2 L/yr - ₹4.1 L/yr

Credit Manager Salary

(1k salaries)

₹4 L/yr - ₹14.5 L/yr

Relationship Manager Salary

(2.5k salaries)

₹1.5 L/yr - ₹10 L/yr

Senior Credit Officer Salary

(3 salaries)

₹2.8 L/yr - ₹3.4 L/yr

Top skills at Kotak Mahindra Bank for Location Credit Manager

Credit Analysis Agri Finance Credit Management Credit Risk Credit Underwriting Credit Tractor Loan Commercial Vehicle Loans Credit Appraisal Secured Loan CA Chartered Accountant SME Team Leading Analytical skills

Salary related reviews for Kotak Mahindra Bank

2.9

Rated by 21 employees for salary & benefits

Associate Vice President in Noida

Full Time

Production, Manufacturing & Engineering Department

3.0

• posted on 08 Feb 2025

3.0

for Salary and Benefits

Likes

It's a reputed organization. U get salary at right time.

Job security - Good

Dislikes

...is toxic. No recognition or appreciation for good work and no work life balance. Increment in salary is nominal. No Promotions to good employees rather are given to those who threatns to resign or on notice period.

Work satisfaction - Poor

+2 more

Assistant Vice President in Ernakulam

Full Time

Finance & Accounting Department

4.0

• posted on 02 Jul 2024

1.0

for Salary and Benefits

Likes

Work life balance No bad words from senior managers in my 10 years tenure with Kotak

Skill development - Good

+2 more

Dislikes

Low salary hike every year even for Achievers. If we have grade promotion they will give grade promotion this year and salary hike next year that too 4% extra with normal appraisal.

Salary - Bad

Deputy Manager in Mumbai

Full Time

Finance & Accounting Department

3.0

• posted on 11 Jun 2024

2.0

for Salary and Benefits

Likes

The company is good if you are mediocre in performance and can live with less payment. The company has less clients and similary cannot pay employees much. They have very less promotion buckets and blatantly lie to people for the same.

Job security - Good

+2 more

Dislikes

Salary, promortion - these are the worst over here.

Salary - Poor

+1 more

Deputy Manager in Vadodara

Full Time

BFSI, Investments & Trading Department

1.0

• posted on 18 May 2024

3.0

for Salary and Benefits

Likes

Kotak pays good salary and promotions are totally based on your performance.

Skill development - Good

+1 more

Dislikes

The attrition rate is 56%, one of the highest in the industry. You don't get Saturdays and they act fussy when you ask for a well deserved general leave. The pressure of doing sales is eminent, even in impossible scenarios. The new CEO wants to make it JP morgan of India, but the way they are doing it is laughable.

Work satisfaction - Bad

+2 more

Deputy Manager in Kolkata

Full Time

Sales & Business Development Department

1.0

• posted on 10 Mar 2024

2.0

for Salary and Benefits

Likes

Apprisal system is based on own performance and productivity. No recommendation required from the any line managers.

Job security - Good

Dislikes

Not pay enough as per the industry. No work life balance as you have to work on weekends and public holidays. Toxic work culture along with bad words if sales is not happening. If sale's not completed the you have to spend your own money for the target achievement.

Salary - Poor

+4 more

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Salary Discussions, Hike & Promotions

a senior quality lead

Help me with in hand salary

Hi All, I'm so much confused in calculating my in hand salary by excluding the variable pay. Anyhow variable pay will have 30% tax directly on it. So by excluding If I calculate my monthly inhand using old and as well as new regime of 2025. I don't know which one to choose and which is best for me. Currently 80C is 1.5lakhs and 80D is 50k and Rent paid was around 75k help me to calculate in hand as per the above assumptions

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Kotak Mahindra Bank Location Credit Manager Salary FAQs

What is the salary of Location Credit Manager at Kotak Mahindra Bank?

Location Credit Manager salary at Kotak Mahindra Bank in India ranges between ₹5.5 Lakhs to ₹21.5 Lakhs for experience between 5 years to 12 years. According to our estimates it is 7% more than the average Location Credit Manager Salary in India. Salary estimates are based on 139 latest salaries received from various employees of Kotak Mahindra Bank India.

How does the salary of a Location Credit Manager at Kotak Mahindra Bank India compare with the average salary range for this job?

The average salary of a Location Credit Manager at Kotak Mahindra Bank is 7% more than the average salary of a Location Credit Manager in India. To know exact salary insights, login to view.

What are the top skills required to work as a Location Credit Manager at Kotak Mahindra Bank?

Credit Analysis, Agri Finance, Credit Management, Credit Risk and Credit Underwriting are some of the popular skills required to work as a Location Credit Manager at Kotak Mahindra Bank India.

What is the salary of a Location Credit Manager in companies similar to Kotak Mahindra Bank in India?

Auxilo Finserve Location Credit Manager Salary - ₹10.9 Lakhs to ₹14.0 Lakhs per year
Shriram Housing Finance Location Credit Manager Salary - ₹8.5 Lakhs to ₹14.0 Lakhs per year
Kotak Mahindra Prime Location Credit Manager Salary - ₹9.2 Lakhs to ₹11.8 Lakhs per year
Bandhan Bank Location Credit Manager Salary - ₹9.5 Lakhs to ₹10.0 Lakhs per year

What is the estimated take home salary of a Location Credit Manager at Kotak Mahindra Bank in India?

The estimated take-home salary of a Location Credit Manager at Kotak Mahindra Bank ranges between ₹95,014 per month to ₹97,574 per month in India. The take-home salary calculation is based on the average Kotak Mahindra Bank Location Credit Manager salary in India which ranges between ₹5.5 Lakhs to ₹21.5 Lakhs per year for employees with experience between 5 years to 12 years. Check how did we calculate take home salary?

What is the notice period for Location Credit Manager at Kotak Mahindra Bank?

According to AmbitionBox, 92% of the Kotak Mahindra Bank Location Credit Managers reported a notice period of 3 Months, 6% reported a notice period of 1 Month and the remaining reported other notice period durations. This is based on 102 responses on AmbitionBox in last 2 years.

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Kotak Mahindra Bank Location Credit Manager Salaries by Location

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Kotak Mahindra Bank Location Credit Manager Salaries

Kotak Mahindra Bank Location Credit Manager salary in India ranges between ₹5.5 Lakhs to ₹21.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 139 Kotak Mahindra Bank latest salaries received from various employees of Kotak Mahindra Bank.